Current Report Filing (8-k)
19 March 2015 - 7:01AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(D)
of the Securities Exchange Act Of 1934
Date of report (Date of earliest event reported):
March 18, 2015
Bank of Commerce Holdings
(Exact name of registrant as specified in its charter)
California
(State or other jurisdiction of incorporation)
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000-25135 |
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94-2823865 |
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(Commission File Number) |
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IRS Employer Identification No. |
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1901 Churn Creek Road
Redding, California 96002
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (530) 722-3939
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (see General Instruction A.2 below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act of (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act of (17 CFR 240.13e-4(c))
Item 8.01 – Other Events
On March 18, 2015, Bank of Commerce Holdings issued a press release announcing that its board of directors has declared a quarterly cash dividend of $0.03 per share of common stock, payable on April 10, 2015 to shareholders of record as of March 27, 2015.
Attached hereto as Exhibit 99.1 is the press release issued by Bank of Commerce Holdings announcing the dividend which is incorporated herein by reference pursuant to General Instruction F to Form 8-K.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits: |
99.1 Press Release dated March 18, 2015 announcing quarterly cash dividend. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
March 18, 2015 |
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/s/ James A. Sundquist |
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By: James A. Sundquist |
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Executive Vice President and |
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Chief Financial Officer |
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Exhibit 99.1
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(NASDAQ: BOCH) |
For Immediate Release:
Bank of Commerce Holdings Announces First Quarter Cash Dividend of $0.03 per Share
REDDING, California, March 18, 2015 / Globe Newswire — Randall S. Eslick, President and Chief Executive Officer of Bank of Commerce Holdings (NASDAQ:BOCH) (the “Company”), a $997 million bank holding company and parent company of Redding Bank of Commerce (the “Bank”), today announced that the Board of Directors has authorized a cash dividend of $0.03 per share for the first quarter 2015.
The $0.03 per share quarterly cash dividend will be paid to shareholders of record as of March 27, 2015, and is payable on April 10, 2015.
About Bank of Commerce Holdings
Bank of Commerce Holdings is a bank holding company headquartered in Redding, California and is the parent company for Redding Bank of Commerce which operates under two separate names (Redding Bank of Commerce and Sacramento Bank of Commerce, a division of Redding Bank of Commerce). The Bank is an FDIC insured California banking corporation providing commercial banking and financial services through four offices located in Northern California. The Bank opened on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH.”
Forward-Looking Statements
Bank of Commerce Holdings wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. This news release includes statements by the Company, which describe management’s expectations and developments, which may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21B of the Securities Act of 1934, as amended. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely. In addition to discussions about risks and uncertainties set forth from time to time in the Company's public filings, factors that may cause actual results to differ materially from those contemplated by such forward looking statements include, among others, the following possibilities: (1) local, national and international economic conditions are less favorable than expected or have a more direct and pronounced effect on the Company than expected and adversely affect the Company's ability to continue its internal growth at historical rates and maintain the quality of its earning assets; (2) changes in interest rates reduce interest margins more than expected and negatively affect funding sources; (3) projected business increases following strategic expansion or opening or acquiring new banks and/or branches are lower than expected; (4) our concentration in real estate lending; (5) competitive pressure among financial institutions increases significantly; (6) legislation or regulatory requirements or changes adversely affect the businesses in which the Company is engaged; and (7) technological changes could expose us to new risks.
Investment firms making a market in BOCH stock are:
Raymond James Financial |
Sandler O’Neill + Partners, L.P. |
John T. Cavender |
Brian Sullivan |
555 Market Street |
1251 Avenue of the Americas, 6th Floor |
San Francisco, CA 94105 |
New York, NY 10022 |
(800) 346-5544 |
(212) 466-8022 |
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McAdams Wright Ragen, Inc. |
Stifel Nicolaus |
Joey Warmenhoven |
Perry Wright |
1211 SW Fifth Avenue, Suite 1400 |
1255 East Street, Suite 100 |
Portland, OR 97204 |
Redding, CA 96001 |
(866) 662-0351 |
(530) 244-7199 |
Contact Information:
Randall S. Eslick, President and Chief Executive Officer
Telephone Direct (530) 722-3900
Samuel D. Jimenez, Executive Vice President and Chief Operating Officer
Telephone Direct (530) 722-3952
James A. Sundquist, Executive Vice President and Chief Financial Officer
Telephone Direct (530) 722-3908
Andrea Schneck, Vice President and Senior Administrative Officer
Telephone Direct (530) 722-3959
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